Riverview Trust Co Cuts Stock Position in Amazon.com, Inc. $AMZN

Key Points

• Riverview Trust Co significantly reduced its stake in Amazon.com, Inc. by 83.8% during the second quarter, holding just 1,392 shares worth approximately $305,000 at the end of the quarter.
• Several other large investors adjusted their holdings, with Flaharty Asset Management LLC increasing its position in Amazon by 87.7%, now owning 5,088 shares valued at $968,000.
• Amazon's stock has received multiple upgrades from analysts, with a current average rating of "Buy" and a price target of $266.26, indicating positive outlooks on the stock's performance.

Riverview Trust Co lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 83.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,392 shares of the e-commerce giant's stock after selling 7,206 shares during the quarter. Riverview Trust Co's holdings in Amazon.com were worth $305,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Western Wealth Management LLC raised its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its position in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter worth $514,000. Border to Coast Pensions Partnership Ltd raised its position in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after acquiring an additional 63,924 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its position in Amazon.com by 5.3% in the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 84,116 shares of the e-commerce giant's stock worth $18,454,000 after acquiring an additional 4,265 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Bank of America increased their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Canaccord Genuity Group reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Citizens Jmp began coverage on Amazon.com in a research report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Buy" and an average price target of $266.26.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,864,716 shares of company stock worth $2,486,013,854 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Down 0.7%

AMZN opened at $213.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.27 trillion, a P/E ratio of 32.48, a PEG ratio of 1.42 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The business's fifty day simple moving average is $225.66 and its 200 day simple moving average is $212.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.